EUR/USD: 144 MA acted as resistance once again

12:56 26.07.2018

The 144 Moving Average has acted as resistance once again, so there's a 'Shooting Star' pattern. In this case, the pair is likely going to test the nearest support at 1.1690. A pullback from this level could be a departure point for another upward price movement towards the next resistance at 1.1787.

There's a 'High Wave' pattern, which has been formed on the upper 'Window'. So, it's time for a downward correction. The main intraday target is the 89 Moving Average (1.1690), which could be a starting point for a bullish price movement.